516 Walnut StRenoPA16343
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 516 Walnut St, Reno, PA, 16343 in Reno. At $160,000 it earns $1,540/mo in rent and distributes $491/mo to the owner after the $719/mo payment, a consistent 11.55% yield. DSCR 2.14 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $44,205 in value; $1,474/yr in principal paydown compounds ownership stake. Total projected return: $92,596.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $491 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,540 |
| Total Monthly Debt Service | $985 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16343, Reno, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 138 (100%) |
| Owner Occupied HU | 92 (66.7%) |
| Renter Occupied HU | 25 (18.1%) |
| Vacant Housing Units | 21 (15.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $187,826 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16343, Reno, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 138 (100%) |
| Owner Occupied HU | 92 (66.7%) |
| Renter Occupied HU | 25 (18.1%) |
| Vacant Housing Units | 21 (15.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $187,826 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Allegheny Valley BOR
Mls ID: #163892